Thu Sep 21 2023
This week the median list price for Cave Creek, AZ 85331 is $1,050,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has increased to 93.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,050,000|
|Median Price of New Listings||$987,500|
|Per Square Foot||$407|
|Average Days on Market||106|
|Median Days on Market||56|
|Slight Seller's Advantage|
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,000,000||4,025||1 - 2.5 acres||4||5||16||2||4||98|
|$1,385,000||3,016||1 - 2.5 acres||4||3||21||4||1||35|
|$934,000||2,292||0.25 - 0.5 acre||3||3||21||5||2||84|
|$732,000||2,199||6,500 - 8,000 sqft||3||2.5||25||3||5||38|